The 2025-26 Budget: California Spending Plan Series [Publication Details]

Oct 16, 2025 - The 2025-26 Budget: California Spending Plan Series [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/5105

The 2026-27 Budget: Overview of the Governor's Budget

Jan 12, 2026 - Under two voter initiatives, the State Constitution requires the state to set aside a share of revenues for schools and community colleges (Proposition  98, 1988) and debt payments and reserve deposits (Proposition  2, 2014).
https://lao.ca.gov/Publications/Report/5101

The 2025-26 Budget: Overview of the Spending Plan

Oct 16, 2025 - Total discretionary Gener al Fund spending (excluding Proposition  98) in the 2025 ‑26 budget package are listed in Appendix 1. Special Session Had Notable Budgetary Implications This year, the Governor called a special session of the Legislature that had notable budgetary implications.
https://lao.ca.gov/Publications/Report/5079

The 2026-27 Budget: California's Fiscal Outlook

Nov 19, 2025 - This is because constitutional spending requirements under Proposition  98 (1988) and Proposition  2 (2014) almost entirely offset revenue gains. Moreover, we estimate costs in other programs to be about $6  billion higher than anticipated.
https://lao.ca.gov/Publications/Report/5091

The 2025-26 Budget: Initial Comments on the Governor's May Revision

May 17, 2025 - Rebenching Proposition   98 for Wildfire ‑Related Property Tax Losses. The May Revision proposes rebenching the Proposition  98 minimum funding guarantee to account for property tax revenue losses resulting from the January 2025 Los Angeles wildfires.
https://lao.ca.gov/Publications/Report/5044

The 2024-25 Budget: Proposition 2 Debt Payment Proposals

Mar 20, 2024 - The main trade ‑off is that it would mean the state pays less toward unfunded liabilities in aggregate compared to recent Proposition  2 related actions. Apply 2023 ‑24 and 2024 ‑25 Proposition   2 Payments to Supplant State CalPERS Contributions in 2024 ‑25 and 2025 ‑26.
https://lao.ca.gov/Publications/Report/4887

The 2026-27 Budget: How to Use One-Time Revenue Improvements

Feb 20, 2026 - The Governor ’s budget proposes suspending a roughly $3  billion true-up deposit that otherwise would be required in 2025-26. We recommend the Legislature not suspend this deposit. Make a Smaller Withdrawal From the BSA.
https://lao.ca.gov/Publications/Report/5133

The 2022-23 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 17, 2021 - We also explored a variant of our main forecast in which the minimum guarantee is unchanged but the statutory COLA is 5 percent per year from 2023 ‑24 through 2025 ‑26. Baseline costs grow more quickly in this scenario, reducing the amount available for new commitments to about $7 billion in 2023 ‑24 and about $9 billion in 2025 ‑26.
https://lao.ca.gov/Publications/Report/4473

The 2025-26 Budget: Overview of the Governor's Budget

Jan 13, 2025 - These solutions yielded General Fund savings of $11  billion through 2025 ‑26. The Governor ’s budget reduces this amount by $1.3  billion through 2025 ‑26. The reason for the reduction is the recent voter approval of Proposition  35 (2024), which requires the state to spend less MCO tax money on offsetting General Fund spending and more money on provider rate increases.
https://lao.ca.gov/Publications/Report/4951

The 2025-26 Budget: Multiyear Budget Outlook

May 24, 2025 - Offsetting this, our projections for school and community college spending are higher, reflecting Proposition  98 (1988) formulas that typically increase (or decrease) with changes in revenue. Additionally, our estimates for spending in other areas —primarily health and human services programs —are somewhat higher than the administration ’s projections.
https://lao.ca.gov/Publications/Report/5052